Electric parcel delivery startup Hived has raised $42 million in fresh funding to expand its all-electric courier operations beyond London, marking a significant milestone in its mission to disrupt the UK’s legacy logistics sector.
The London-based firm, co-founded in 2021 by former Manchester City women’s youth team captain Murvah Iqbal and Mathias Krieger, plans to use the funding to expand to Bristol, Bath, and Brighton by September, with further rollouts in Birmingham and Manchester set for 2026.
Hived operates a fully electric fleet and has delivered more than 6.5 million parcels across London to date for high-profile clients including John Lewis, Uniqlo, and Zara. It employs a 250-strong courier network and boasts a 99% on-time delivery rate — a metric driven by its proprietary parcel-tracking software that integrates logistics from warehouse to doorstep.
“Parcel delivery should feel seamless, not stressful, but most of the industry is still running on systems that were never designed for ecommerce,” said CEO Iqbal, 29. “We’ve proven our model, and with this funding round, we’re ready to scale across the south of England.”
The latest round was led by NordicNinja, Europe’s largest Japan-backed venture capital firm, and includes six other new investors alongside existing backer Planet A. It brings Hived’s total capital raised to $58 million since launch.
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